In theory, the priority fee market operates independently from the base fee market. However, in term of analyzing priority fees, several questions are worth exploring:
- What percentage of transactions in a block pay priority fees?
- What types of users pay priority fees? Are they normal users, MEV searchers, or other categories?
- Under what circumstances do users choose to pay priority fees?
We should also examine factors beyond priority fees. For instance, if we make it easier for blocks to reach the gas limit while still having available block space, would this incentivize builders to drive base fees up or become lazy about bundling additional transactions?